Hasan Zain Syed 4
Research Summary
AI-generated summary
Health In Tech (HIT) CGO Hasan Zain Syed Sells 3,448 Shares
What Happened
- Hasan Zain Syed, Chief Growth Officer of Health In Tech, surrendered 3,448 shares of Class A common stock on April 15, 2026, at $1.50 per share to satisfy tax withholding obligations, for a total of $5,172. This was a disposition to cover taxes on vested restricted shares (transaction code F), not an open‑market sale.
Key Details
- Transaction date and price: 2026-04-15, 3,448 shares at $1.50 each (total $5,172).
- Shares owned after the transaction: 216,552 total shares (211,552 restricted + 5,000 unrestricted) per the filing.
- Footnotes: F1 — shares were surrendered to satisfy tax withholding related to the vesting of previously granted restricted stock (original grant reported on Form 4 filed Jan 8, 2026). F2 — breakdown of restricted vs. unrestricted shares included above.
- Filing timeliness: Report filed Apr 17, 2026 for an Apr 15 transaction — appears timely (within typical 2‑business‑day reporting window).
Context
- This was a tax-withholding surrender (cashless withholding) tied to vesting of restricted stock, which is a routine administrative transaction and does not necessarily indicate the insider’s view on the company’s prospects. The underlying grant that vested was previously disclosed on Jan 8, 2026.
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